Direxion Regional Banks Bear 3X (WDRW) Technical Analysis
NYSEARCA:WDRW
Current stock price
WDRW Technical Rating and Analysis
Taking everything into account, WDRW scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, WDRW has proven to be a steady performer, scoring decent points in every aspect analyzed.
- In the last month WDRW has a been trading in the 27.19 - 83.63 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: WDRW has an average volume of 26319 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that WDRW is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- WDRW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WDRW is lagging the market slightly.
WDRW Weekly and Daily overview Charts
WDRW Setup Rating and Analysis
Besides having an excellent technical rating, WDRW also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
WDRW Support and Resistance Analysis
21.05
2 important support areas can be observed.
- Support @37.26 from a horizontal line in the daily time frame.
- A support zone ranging from 21.26 to 21.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
WDRW Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WDRW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WDRW is neutral. |
| ChartMill Relative Strength | 98.84 | POSITIVE | WDRW has a high relative strength, it outperformed 98.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WDRW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WDRW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WDRW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.31 | NEUTRAL | The RSI value for WDRW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.65 | NEGATIVE | The MACD value suggests WDRW has a negative trend. |
| Stochastics (14,3) | 13.93 | OVERSOLD | The low Stochastics value suggests WDRW may be oversold. |
| Average True Range in percent/ATR (20) | 36.46 | HIGH VOLATILITY | The high ATR as a percentage value for WDRW suggests high volalility. |
WDRW Chart- and CandleStick Pattern Analysis
WDRW Technicals: Chart, Performance Metrics, Trend & Indicators
40.76
+3.49 (+9.36%)
Direxion Regional Banks Bear 3X / WDRW TA FAQ
Can you provide the ChartMill technical rating for Direxion Regional Banks Bear 3X?
ChartMill assigns a technical rating of 7 / 10 to WDRW.
Can you provide the trend direction for Direxion Regional Banks Bear 3X?
The current trend direction for Direxion Regional Banks Bear 3X (WDRW) is Bullish.
Can you provide the RSI signal for Direxion Regional Banks Bear 3X?
Direxion Regional Banks Bear 3X (WDRW) has an RSI value of 48.3104. This indicates that the stock is currently neutral.
What is the MACD signal for WDRW stock?
The MACD indicator for Direxion Regional Banks Bear 3X (WDRW) has a value of -2.64665, indicating a bearish trend.
Can you provide the short term momentum for Direxion Regional Banks Bear 3X?
The short term momentum for Direxion Regional Banks Bear 3X (WDRW) is neutral.